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Sapiens International reported its first quarter 2024 financial results, showcasing a 7.6% increase in revenue to $134.2 million, with impressive growth in North America and an operating profit of $24 million. The company's ARR grew by 12.7% to $168 million, and a strong partnership with Microsoft is driving their SaaS strategy. Sapiens reiterated its 2024 guidance with non-GAAP revenues projected in the range of $550-555 million and non-GAAP operating margin between 18.1% and 18.5%.
Sapiens International , a leading provider of software solutions for the insurance industry, will participate in the Needham Technology, Media, & Consumer Conference on May 15, 2024. Yaffa Cohen-Ifrah, Chief Marketing Officer, will host a group presentation and conduct one-on-one meetings on that day.